Unusual Whales

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse”

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse” Per Go Banking Rates Bank of America’s chief investment strategist, Michael Hartnett, has given his thoughts regarding the stock market, saying he sees a “big collapse” coming. He did note that the market would still

Mexico has overtaken China as America's top trading partner

This year, Mexico has taken over China's position as the leading trading partner of the United States, marking a significant change in the global economic landscape. This shift signifies a departure from the previous focus on low prices and efficiency, which often relied on fragile supply chains, to

In 2021, at a 30-year average fix rate of 2.96%, a total cost of a $400,000 mortgage would cost $604,180. At the current 7.7%, it would cost $1,027,529.

Two weeks ago, mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal Reserve Chairman

Bob Iger of Disney, $DIS, put roughly a third of the company up for sale this week, per Bloomberg, declaring Disney’s linear TV assets noncore. That includes TV networks ABC, FX and Freeform.

Walt Disney Company CEO Bob Iger has revealed that the company is contemplating the sale of its TV assets and is actively seeking a strategic partner for ESPN, its sports cable property. During an interview with CNBC, Iger shared that he has engaged in discussions with potential investors who may

In-N-Out bans employees from wearing masks in five states to improve customer service, show off "smiles"

In-N-Out, a popular fast food chain, has circulated a leaked memo stating that employees in five states, namely Nevada, Arizona, Utah, Texas, and Colorado, will no longer be allowed to wear masks unless they possess a medical note. The policy is scheduled to commence on August 14, with California and

Warren Buffett's wife Astrid was reportedly overheard complaining about the price of $4 cup of coffee at 'summer camp for billionaires' in Sun Valley

According to a report by the New York Post, Astrid Buffett, the wife of billionaire investor Warren Buffett, expressed dissatisfaction with the price of coffee at Allen & Co's annual event in Sun Valley, Idaho. During the event, known as the "summer camp for billionaires," 77-year-old

Chinese property developer Evergrande has posted a $81 billion loss over the past two years

Late on Monday, China Evergrande Group released its long overdue earnings report, revealing a combined loss of $81 billion. The world's most heavily indebted property developer has been grappling with numerous challenges, including unfinished projects, repayment difficulties with suppliers and lenders. To address its financial troubles, Evergrande initiated

Millions of emails intended for Pentagon employees were inadvertently sent to email accounts in Mali over the last decade

Over the past ten years, a Dutch technologist discovered that millions of emails meant for Pentagon employees were mistakenly sent to Mali due to typos. The similarity between the US military's email address and Mali's domain caused the confusion. Consequently, sensitive information such as hotel reservations

Treasury Secretary Janet Yellen reportedly dined on psychedelic mushrooms in China

According to Chinese state media, Janet Yellen, aged 76, consumed four servings of jian shou qing, a type of wild mushroom, at a casual restaurant in Beijing shortly after her arrival on July 6. The media coverage was quite enthusiastic and even praised Yellen's chopstick skills. However, these

Secret Services ends White House cocaine investigation with no leads

The identity of the individual responsible for bringing cocaine into the White House remains a mystery, as the Secret Service investigation has concluded without any conclusive evidence, according to three officials familiar with the matter. Earlier this month, a small plastic bag containing a powdered substance was discovered in a

Former Celsius CEO has officially been arrested, per CNBC. The company has also agreed to pay $4.7 billion settlement to the FTC.

According to a source, Alex Mashinsky, the former CEO of Celsius, was arrested on Thursday for federal securities fraud charges. This development occurred as the bankrupt cryptocurrency exchange agreed to a settlement of $4.7 billion with government regulators. In addition to the charges filed against the exchange by the

Ripple wins verdict that XRP is not a security, and judge also rules that institutional sales of XRP by Ripple were securities

On Tuesday, a judge made a significant ruling with potential implications for future cryptocurrency regulation. The judge determined that XRP, a crypto token, is not classified as a security, but the activities conducted by Ripple, a prominent XRP promoter, were not entirely legal. In the legal battle between Ripple Labs

Hollywood studios proposed contracts that would allow them to scan actors and create AI that would give them the actors' likeness rights forever

At today's press conference, Hollywood actors confirmed their decision to go on strike. Duncan Crabtree-Ireland, the chief negotiator for SAG-AFTRA, disclosed a proposal from Hollywood studios that appears to have been inspired by an episode of the TV show Black Mirror. The Alliance of Motion Picture and Television

Bank of America, $BAC, secretly opened credit card accounts in customer names, double charged overdraft fees, and withheld promised perks from users

Federal regulators announced on Tuesday that Bank of America had failed to deliver promised benefits to certain credit card customers, charged them excessive overdraft fees, and secretly opened credit card accounts in their names without their knowledge or consent. The Office of the Comptroller of the Currency and the Consumer

BREAKING: Microsoft has won a US court nod to buy Activision, in a loss for the FTC

Microsoft Corporation has received court approval to proceed with its acquisition of Activision Blizzard Inc., valued at $69 billion. This decision comes after the US Federal Trade Commission's attempt to block the largest-ever gaming deal was defeated. Judge Jacqueline Scott Corley's ruling in San Francisco allows

30% of Americans say ‘tipping culture is out of control'

The customary practice of tipping has traditionally been associated with sit-down restaurants, food delivery, salons, and similar scenarios. However, in recent years, and especially since the pandemic, more Americans are feeling the pressure to tip in situations like point-of-sale transactions and at drive-thrus. The idea of tipping even extended to

It is the least affordable to buy a car ever

The cost of purchasing a car has skyrocketed in recent times, making it increasingly expensive for consumers. Not only have new car prices reached nearly their highest levels ever, but the interest rates for financing a purchase have also surged significantly. Recent reports indicate that fewer affordable new cars are

Judge denies Biden admin's request to lift ban on communication with social media companies

On Monday, a federal judge denied the Biden administration's request to lift his order that restricts communication between the administration and major social media companies. Judge Terry Doughty of the Western District of Louisiana, who was appointed by Donald Trump, determined that the Republican state attorneys general of

The US has now destroyed all of its chemical weapons

President Joe Biden announced Friday that the United States has completely destroyed its decades-old stockpiles of chemical weapons, fulfilling a commitment under the 1997 Chemical Weapons Convention. "Today, I am proud to announce that the United States has safely destroyed the final munition in that stockpile -- bringing us

The US has given another $800 million in arms and equipment to Ukraine, including cluster ammunitions banned by 100 other countries.

In a recent development, the United States has announced its intention to provide Ukraine with cluster munitions, which are banned by over 100 countries, as part of an $800 million security package. Ukraine has expressed that this move will have an "extraordinary psycho-emotional impact" on Russian forces. The

Elon Musk has sued the law firm Wachtell, Lipton, Rosen & Katz to recover the $90 million it received from Twitter after the $44 billion takeover, accusing the firm of breaching its fiduciary duty and seeking restitution for a $90 million payment

Twitter has taken legal action against the law firm Wachtell, Lipton, Rosen & Katz, which it had engaged to facilitate Elon Musk's acquisition of the company. The social media giant claims that Wachtell inappropriately received a $90 million payout as the deal approached its closing stage. According to

Ukraine’s foreign currency reserves are at a record high of $38.99 billion

Ukraine's foreign exchange reserves have reached a historic milestone, exceeding $39 billion, primarily due to financial assistance from Western partners. This record high represents the highest level of reserves the country has achieved in over 30 years since gaining independence from the Soviet Union. Andriy Pyshnyi, the Governor

A Canadian judge has ruled that the “thumbs-up” emoji is just as valid as a signature, arguing that courts need to adapt to the “new reality” of how people communicate as he ordered a farmer to pay C$82,000 for an unfulfilled contract

In a recent case in Saskatchewan, Canada, a judge ruled that the "thumbs-up" emoji holds the same validity as a traditional signature, emphasizing the need for courts to adapt to the modern methods of communication. The ruling came as a farmer was ordered to pay C$82,000

The average 30-year fixed mortgage rate is 7.22%

Mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal Reserve Chairman Jerome Powell'

Lenders in Canada are now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates

Some homeowners are facing extremely long amortization periods due to high interest rates. While the standard time to pay off a mortgage is 25 years, existing homeowners with 'fixed-payment' variable-rate mortgages are seeing their amortization periods extend to as much as 90 years. This happens because these mortgages